Stocks surged into the weekend, with the Dow scoring a record high and closing above 40,000 for just the second time ever. Not to be outdone, the S&P 500 turned in a record high of its own, while the tech-heavy Nasdaq bounced back from yesterday’s selloff to post a triple-digit gain. All three major indexes secured comfortable weekly wins, the Dow’s best in over two months and Nasdaq’s sixth straight, as investors cheered signs of a soft landing for the broader economy. 
OIL PRICES RUN OUT OF WEEKLY STEAM
Oil prices fell today, helping black gold to its first weekly loss in five weeks.August-dated West Intermediate (WTI) crude shed 41 cents, or 0.5%, to settle at $82.21 per barrel. For the week, the loss came out to 1.1%. Gold prices cooled today, but held the $2,400 level. August-dated gold futures lost 0.1% to settle at $2,419.10 an ounce for the day. For the week, the safe-haven asset added 1%. More By This Author:Dow Up Over 300 Points; S&P 500, Nasdaq Resume RallyTech Rotation Sends Nasdaq To Worst Day Since 2022 S&P 500, Nasdaq Turn Sharply Lower After Extending Records
